Dispatches from the 10th Crusade

Entries from What's Wrong with the World tagged with 'shadow banking'

Is there a useful distinction between Capitalism and Free Enterprise? I am convinced that the answer to that is an emphatic yes; and that the distinction is vital to a proper understanding of the wreck of our political economy. Free...

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US regulators released some signal financial numbers last week. As the Financial Times reported, “The US financial sector's losses on large loans exploded in 2009, exceeding the combined losses since 2001, with hedge funds and other members of the...

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Two recent reports in The Wall Street Journal really put flesh on the bones of my argument about what has become of the real estate and finance sectors of the American economy since this crisis of usury began. One...